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Lanark Delivery Office, 1 Home Street, Lanark, ML11 9AR

10,199 Sq Ft / Retail / General Retail

For Sale - £640,000.00

Under Offer - Last updated: 22 October 2024

This modern warehouse spans 10,199 sq ft (948 sq m) and boasts the following features:

Fully Secure Yard:
Ideal for safeguarding goods and equipment.

Modern Tenant Fit-Out:
Ensures an efficient workspace.

4.6m Eaves Height:
Ample vertical space for storage and operations.

Dedicated Car Parking:
Convenient parking for staff and visitors.

Current Rent:
The passing rent is £37,200 per annum (£3.64 per sq ft) until August 2025. Subsequently, it will increase to £42,500 (£4.16 per sq ft) with an upward-only open market rent review in August 2030. The vendor will ensure the rent reaches £42,500 per annum upon sale

Royal Mail recently extended the lease by 10 years,
demonstrating their long-term commitment to the
building, consolidating their operations in the
surrounding areas into this unit. The agreed rent is
significantly below the current market rate, offering
future potential for appreciation for any purchaser.
The warehouse now serves as a critical delivery office,
covering Lanark, Carluke, and Biggar
( Agency Pilot Software ref: 53388 )

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £640,000.00 NA

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